CEO of Urban Taskforce, Tom Forrest, said today’s release of data from the Australian Bureau of Statistics reenforces the downwards trend of housing approvals both Nationally and in NSW.
The downward spiral continues as every metric shows the ongoing story planning systems failing to deliver approvals that deliver feasible Das for construction.
This alone is resulting in fewer applications. The reforms are good, but they have been slow in the making, overly prescriptive and complicated, and come with unwelcome new affordable housing tax impositions which reduce feasibility and increase costs to new home buyers (for the non- affordable housing component of the buildings).
All up the planning reforms are not keeping up with rising costs in the construction sector, so they have not been effective.
Read the release in full by click here:
